JOBY director receives 818 vested RSUs; direct stake 140,696 shares
Rhea-AI Filing Summary
Paul Sciarra, a director of Joby Aviation, Inc. (JOBY), reported the grant and immediate vesting of 818 restricted stock units (RSUs) on 10/05/2025. The RSUs were issued at no cash price ($0) and converted into direct ownership of 818 shares on the grant date. After the transaction, the Reporting Person directly beneficially owns 140,696 shares and indirectly holds 56,328,057 shares through two entities: Sciarra Management Trust and Sciarra Foundation. The filing was signed by an attorney-in-fact on 10/07/2025.
Positive
- 818 RSUs were granted and are fully vested on 10/05/2025, providing immediate share ownership
- Direct beneficial ownership after the transaction is 140,696 shares, confirming a meaningful direct stake
- Voting and dispositive power is clearly disclosed for 56,328,057 shares held via trust and foundation
Negative
- None.
Insights
Director received and vested 818 RSUs that converted to shares immediately.
The grant represents 818 RSUs awarded and fully vested on 10/05/2025, resulting in direct ownership of those shares at a reported price of $0. Immediate vesting means there are no future service-based vesting conditions tied to this specific award.
This increases direct free-float by 818 shares and does not change the large indirect holdings of 56,328,057 shares. Monitor any future filings showing sale or additional grants for timing and dilution effects within the next reporting period.
Reporting person holds substantial indirect stakes via trust and foundation.
The form discloses that voting and dispositive power over 56,328,057 shares is exercised indirectly through the Sciarra Management Trust and Sciarra Foundation, which may affect governance influence despite the director's modest direct position of 140,696 shares.
Investors may note the contrast between direct and indirect holdings when assessing insider alignment; any future changes to the indirect holdings would be material to monitor through subsequent Section 16 filings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 818 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of common stock of the Issuer. The RSUs are fully vested on the grant date. The shares of common stock are held of record by Sciarra Management Trust. The Reporting Person has voting and dispositive power of the shares held by Sciarra Management Trust therefore may be deemed to be the beneficial owner of such shares. The shares of common stock are held of record by the Sciarra Foundation. The Reporting Person has voting and dispositive power of the shares held by the Sciarra Foundation therefore may be deemed to be the beneficial owner of such shares.
